{
  "id": 674762,
  "title": "US Dollar: Bearish momentum extends after CPI – TD Securities",
  "url": "https://urgent.news/2026/08/12/us-dollar-bearish-momentum-extends-after-cpi-td-securities",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T15:04:27.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-bearish-momentum-extends-after-cpi-td-securities-202608121504"
  },
  "original_language": "en",
  "account": "TD Securities analysts have observed that the July US inflation data has followed expectations, with headline CPI rising 0.1% month-over-month and core CPI increasing 0.2% month-over-month. The strategists attribute this relatively contained inflation to limited tariff pass-through and signs of normalization in services inflation. Despite this, they maintain the view that the Federal Reserve will keep its policy stance unchanged throughout the year. The July inflation report supports the likelihood of a Fed pause, but further data will be necessary before the September meeting, as the Fed has lowered the criteria for a rate hike. Simultaneously, the EUR/USD currency pair has experienced a decline, and gold has reached new two-month highs due to a weaker US Dollar and declining Treasury yields.",
  "summary": "TD Securities strategists note that July US inflation came in broadly in line with expectations, with headline CPI rising 0.1% m/m and core CPI increasing 0.2% m/m.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}